Ardonagh Advisory makes new acquisition to bolster digital capabilities

Ardonagh Advisory has continued its acquisition spree with the purchase of Riskstop Group, a statement released today (11 December 2023) revealed.

Dorchester-based Riskstop provides risk management surveys and ancillary services to the UK insurer and broking communities.

Work it has done includes supporting the transition to remote working through software solutions that shorten delivery timeframes and reduce costs for brokers and underwriters.

Ardonagh Advisory said the addition of Riskstop will further complement its existing digital technological capabilities.

Phil Bayles, chief commercial officer of Ardonagh Advisory, said: “Riskstop is a highly regarded business whose pioneering risk management system protects clients from hazards and harm, including the growing issue of underinsurance.

“This is an accomplished and well-established company run by real experts in this field. We’re looking forward to supporting the team so that they can grow further and deliver even more valuable services to their clients across the market.”

Riskstop

This came after Ardonagh Advisory formally welcomed high net worth (HNW) broker Stanhope Cooper and managing general agent (MGA) Renovation Underwriting to the business in September after acquiring a majority shareholding in parent firm N&W Investments earlier in the year (25 April 2023).

Following its latest purchase of Riskstop, managing director Danny Lillington will continue to lead the business alongside his management team.

Riskstop was founded in 2000 and is run by a team of more than 200 employees and consultants.

“For more than two decades, Riskstop has worked with integrity to provide information that ensures people and organisations are safe and secure,” Lillington said.

“We’re now looking to see how we can achieve even greater impact and take what we do to the next level.

“By joining Ardonagh Advisory, we will be able to continue to support our clients with the same great level of service, while also working to innovate and develop our offer for the benefit of all.”